Stieg Larsson publisher Quercus driven to seek buyer

Independent which brought the Millennium trilogy to millions of English-language readers puts company up for saleThe publisher behind The Girl With the Dragon Tattoo, independent press Quercus, has put itself up for sale in what it has described as a "challenging" and "increasingly competitive" book market in the UK.The 10-year-old independent publisher, which has had one of the biggest literary hits of recent years in the late Stieg Larsson's Millennium trilogy, said last week that it was expecting "a significant trading loss" for 2013. This follows disappointing sales in the last quarter of 2013, "due in part to continuing issues within the book trade which led retailers to adopt very conservative ordering policies", Quercus said, as well as "a lower than expected upturn in digital sales over the Christmas period to the end of the year".The news of the fall in sales has now been followed by Quercus's announcement to the stock market that it would be "in the best interests" of its shareholders to seek a buyer. As well as Larsson's tales of the hacker Lisbeth Salander – which have sold more than 75m copies in 50 countries – Quercus, founded in 2004, is also home to Stef Penney's Costa-winning novel The Tenderness of Wolves, and to bestselling writers William Nicholson and Peter May. At the end of last year, it announced it would be publishing a fourth book in Larsson's Millennium series, based on the  Swedish author's creations but written by David Lagercrantz, in... Continue reading at 'The Guardian'

[ The Guardian | 2014-01-22 00:00:00 UTC ]

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